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Show monday, j a december 5, I JELCO 1977 Continued from page eight ers by JELCO, along with Western Industries Inc., liam H. Kibbie, Elizabeth F. Kibbie, F. Michael Kibbie, and Carla S. Kibbie, JELCO expended $5.5 million of its own operating capital to cover the overruns because costs were exceeding monthly progress payments. The entire contract price was to be about $14.9 million. JELCO blamed the overruns on inefficiency and mismanagement by the projects contract manager, Stone and Webster Engineering Corp. Demanded control last March, Finally, JELCO notified Travelers of its intention to terminate work on its piping, electrical, and structural contracts in order to mitigate present and prevent future damages, according to the complaint. That led to a meeting at which Travelers and P.P. & L. each agreed to put up $3.3 million to cover current and foreseeable overruns and to share payment of future overruns on a As of last week, each and paid $4,879,005 pursuant to that agreement, although an expected set-of- f will reduce that to $4,729,005 each. The disagreement with Travelers, according to the complaint, came about when on Nov. 16, the insurance company demanded complete 50-50-bas- is. Suit charges coercion Charging intimidation and coercion by Hiller Industries, two former employees have filed a complaint against the firm in U.S. District Court for alleged violation of anti-trust laws. Donald Christensen and Tom Wedel, doing business as Custom Loose-LeaInc., filed the complaint last week as a counter claim to Hiller's suit filed against them in June in Third District Court. Hillers suit attempts to enjoin the pair from using customer lists they allegedly took with them, and complains they surreptitiously and in breach of their obligation of loyalty and good faith... used f, their employers time, equipment and material for their own personal benefit and gain. Customs anti-tru- st suit claims Hiller had controlled about 60 percent of the sales of custom vinyl loose-lea- f binders in the Wasatch Front, until Custom was formed in April, 1977. After the two men formed the new corporation, the suit alleges, Hiller threatened, intimidated and harassed them and their employees on numerous occas-sion- s. legal control of JELCO s claim against the utilities for the work it had done. If JELCO did not give over its right to negotiate the claim, the suit alleged, Travelers said it would proceed immediately against the assets of JELCO and its indemnitors despite previous representations to the contrary. The indemina-tor- s are the Kibbies. William H. Kibbie is JELCO chief executive officer and chairman of the board, and was presi- dent until last June. JELCOs suit, filed last week, seeks a declaration of the parties rights to control of the claim, an interpretation of what is owed Travelers (JELCO says the insurer paid out more than it was bound to under the March agreement and neednt be repaid for that), a declaration as to who Travelers can look to for recovery and in what order, and a preliminary injunction against interference by Travelers in JELCOs settlement negotiations. The Travelers account executive who handled the JELCO bond was unavailable for comment last week. But, as in the Arizona case, JELCOs utility client appeared satisfied. David Bolender, P.P.&L. vice president of generation projects, said JELCOs work was 90 percent complete and would be finished within a few months In another company development this year, J. P. Breedlove became JELCO president, succeeding Kibbie, July 1 . Maack denied the move had anything to do with the company's bonding disputes. He said the action had been contemplated for some time, and that, in order to attract a very experienced, capable executive of the caliber the company desired, a substantial position had to be offered. ONE CONVENIENT, PROFESSIONAL SOURCE FOR INSURANCE (OR ANY FORM OF RISK MANAGEMENT) r Further, they claim, Hiller has made derogatory remarks about them to prospec- tive customers, and sent Hiller's officers and employees to the plaintiffs production facilities over 20 times in h a period. All forms of Corporate Insurance, including Professional Liability. All forms of Group Insurance. two-mont- of Personal Hiller threatened to injur a key employee in his religious and social activities and All forms made overt threats to disparage this individuals reputation in the community, the complaint continues. All major insurance he former employer's Third District Court action spurious and oppressive litigation designed to prevent plaintiffs entry into the relevant markets, the newly formed corporation is asking for $250,000 in damages. According to Melvin Hiller. vice president of Hiller, the questions being argued in both suits are a matter of I think they have ethics. been unethical, he said. Insurance. sources are available . to allow personalization of your particular insurance plan. Robert L. Nicholls and his associates are an independent insurance with 18 years acency w j experience in advising individuals, professionals, and corporations. Calling SMASH FOREHANDS, SLICE BACKHANDS! Robert L. Sic hulls Insurance 2030 East 4800 South Salt Lake City, Utah 84117 Telephone (801) 277-266- 1 My cousins place Weve always gone to them Theyve always treated us right . . . There are a lot of good reasons for going to a certain printer. 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